Thursday, January 23, 2014

FabriQ: the social startups' incubator Made in Italy

Milan - 22nd January 2014. A space where to transform ideas into jobs, growth, social development and put them on the web. This space was inaugurated in Milan, Valtrompia Street in the area of ​​Quarto Oggiaro.

Six hundred and fifty square meters, of which 500 are for offices and rooms of the companies as well as an auditorium for conferences and events, welcoming 15 new start-ups, new ideas and new companies on social, environmental and cultural themes. The project, designed by the City of Milan, is developed and will be managerd by Fondazione Giacomo Brodolini and Impact Hub Milano.
"After incubators born with universities - said the Councillor for Economic Development and Labour Cristina Tajani - we chose to invest spaces and resources in this project with a strong social vocation which, through the use of new technologies, wants to offer services and employment opportunities in a suburb from the geographical point of view, but central to the priorities we have set ourselves in this second phase of the mandate. " The opening of the space was also an opportunity to launch the new competition announcement of the City for € 140,000 through which will be selected  the top 5 companies which will be given the opportunity to access a  free incubation path with 9 months duration.

The call will support the winners in their entrepreneurial path, with contributions of up to 28,000 EUR for each single project and support for networking activities and meetings with potential investors.
In addition to its own space within FabriQ, each firm will rely on a tutor who will support the decisions regarding the administrative and financial management, as well as placement, promotion and communication in the different markets.
The competition announcement is open to all companies incorporated for less than 24 months and those who commit themselves to constitute a legal entity within 3 months from the allocation of the grant.
More information are available on under the section bandi (calls).